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Welcome to our Monthly Newsletter – February 2009 An Established and Successful Force in International Insurance. Worldwide Risk Solutions is a U.K. based commercial organisation which has the sole objective of facilitating global business strategies and business development in the international insurance industry. For more information about us, please go to www.worldwiderisksolutions.com. What Is Going On Out There? Governments and business do not seem to be able to find agreement in the choice of words to describe the current financial situation. It is as if “telling the truth” were to mean admitting blame. What is clear is that a lot of trouble, disappointments and dismay were not foreseen and we have to live with the consequences and make something of them. Some large corporations are cutting expenses and it will probably hit the backroom employees rather than the higher paid “suits” who wander around giving orders. When comparing insurance to other industries, its professional bodies tend to think it always has to play catch up. But it is not just the quality of examinations or the range of activities promoted by institutions which makes the difference, it is the way organisations provide their staff with the right tools to do the job which really counts. That, and the understanding of the big picture, where each person fits in and the importance of their role in achieving the goal of making their firm more successful in the short and long term which spur commitment and the willingness to go the extra mile. There has been a conspicuous few falling on their swords, but, in the main, customers, brokers and carriers go back to work every day because risks and exposures need to be managed, minimised, avoided or transferred. Bankers should not pretend to be insurers and insurers should not pretend to be bankers and each needs to have its own industry specific regulators and supervisors who understand the tricks of the trade and can apply that understanding to looking at the future consequences of what is going on under their watch. And so, while we are all affected differently by the financial crisis, people still need insurance. Also, as we say every month, there is an acquisition, a market entry, a new joint venture, something new locally, somewhere in the insurance world. We keep you abreast of these developments through our Talks Around the Bazaar. We continue our Spotlight series and thank those readers who have been in touch with suggestions and recommendations: we really appreciate your feedback on these articles and look forward to your comments. In the Spotlight series we will help you understand how different aspects of the insurance industry around the world operate, so that those of you who do business there can feel more “at home abroad.” Different does not need to mean difficult but knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. This helps avoid misunderstandings and unfulfilled expectations. We have received very positive feedback on articles such as International Business Behaviour, Iraq and more; if you would like copies, please let us know. If you would like to discuss your international strategies with us, please contact us. Details are below.Spotlight – VALUATION Around the world, companies have the same ultimate objective: accurate, supportable, professional guidance in effective use of capital and enhancement of asset values. Contrary to popular belief, Valuation is not auditing, or carrying out the role of business brokers, auctioneers, equipment dealers or real estate brokers. It is providing expertise in all classifications of tangible and intangible assets. To read the complete report on Valuation, Please Click Here (PDF Report).
In preparing this SPOTLIGHT article we have received invaluable assistance from American Appraisal (UK) Ltd, London (www.american-appraisal.co.uk e-mail tprior@american-appraisal.com) for which we are grateful. If you would like Worldwide Risk Solutions to conduct an economic, business and insurance survey of any international markets please contact us – Details below. Worldwide Risk Solutions has access to a wide client base of internationally oriented organisations. Why not utilise this knowledge and experience? We can conduct a swift appraisal of your global activities or answer any questions you may have about international developments. Call +44 (0)1444 450 919 or send us an e-mail and we will respond immediately. And should you be passing through London, please let us know. In our next Spotlight article we will be looking at Malta, the George Cross island with a flourishing captive insurance market. As part of the European Union, Malta has a huge market at its backdoor. We will see how the Maltese manage this giant. For more information about any of the items discussed in the current or previous issues of WoRdS, please see our Contact Details: George Worsley, Director |
Talk Around the Bazaar relateddocs/list-dir/im-directives_en.pdf and marvel pressreleases1?type=press&ref=487&view=true 2009/Amsterdam_020909.html profile.asp?tab_id=565 consultations/2008_insurance_ber/index.html * * * * * * * * * * We are currently discussing projects in the following markets and are regularly being asked to attend the annual conferences and meetings of the major networks:
* * * * * * * * * * We continue to work with a growing number of networks to improve and expand their international capabilities. If you have not already spoken to us about expanding your international markets, now might be the right time for us to conduct a feasibility study. For more information, please see the contact details below. What Clients Say “When we turn to them for help, they are always able to do so” “Worldwide Risk Solutions are responsive and very helpful”* * * * * * * * * * CONTACT US BY POST BY TELEPHONE BY E-MAIL BY SKYPE Disclaimer |
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